Denmark: Loudspeaker Market 2025

Loudspeaker Market Size in Denmark

In 2022, the Danish loudspeaker market was finally on the rise to reach $X after six years of decline. Overall, consumption, however, recorded a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Loudspeaker Production in Denmark

In value terms, loudspeaker production shrank to $X in 2022 estimated in export price. Overall, production recorded a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Loudspeaker Exports

Exports from Denmark

In 2022, overseas shipments of loudspeakers increased by 6.9% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, loudspeaker exports fell to $X in 2022. Over the period under review, exports, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2017 with an increase of 19%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Sweden (X units) and Norway (X units) were the main destinations of loudspeaker exports from Denmark, together accounting for 64% of total exports. The UK, the Netherlands, Poland, the United States, Spain, Finland and China lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +13.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for loudspeaker exported from Denmark were Sweden ($X), Germany ($X) and Norway ($X), together accounting for 49% of total exports.

Sweden, with a CAGR of +6.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average loudspeaker export price amounted to $X per unit, reducing by -12.6% against the previous year. Overall, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2016 when the average export price increased by 14%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.9%), while the prices for the other major destinations experienced a decline.

Loudspeaker Imports

Imports into Denmark

For the third year in a row, Denmark recorded growth in purchases abroad of loudspeakers, which increased by 16% to X units in 2022. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, loudspeaker imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Denmark, with a 66% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), sevenfold. The third position in this ranking was held by Hong Kong SAR (X units), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+9.1% per year) and Hong Kong SAR (+6.3% per year).

In value terms, China ($X) constituted the largest supplier of loudspeakers to Denmark, comprising 47% of total imports. The second position in the ranking was held by Sweden ($X), with a 20% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+13.0% per year) and the Netherlands (+8.1% per year).

Import Prices by Country

The average loudspeaker import price stood at $X per unit in 2022, dropping by -4.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 9.8%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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